GMG Radio has reported a revenue increase for its Real Radio and Smooth brands for the three months to June 30, despite the current tough climate for commercial radio.
Trading for both the Real Radio and Smooth brands was up 26% from April to June 2006,
The increase in revenue comes after The Guardian Media Group Plc reported last week that revenue growth for its radio stations for the year to April 2006 outperformed the market with a 13.9% increase in turnover to £27.9 million with profits up by 170% from £1 million to £2.7 million.
The latest quarterly audience figures published last week by RAJAR saw the group report an all time high record reach, now attracting over 3 million adult listeners per week.
GMG Radio has recently submitted an application to OFCOM for the newly advertised broadcast licence for Liverpool and says that it will deliver further applications for Manchester, South Wales and Aberdeen later this year.
John Myers, chief executive of GMG Radio said: “I am proud of this achievement in a tough climate. We simply focus on what we do and then aim to do it well. It’s a policy that seems to be working.”
Carolyn McCall, chief executive of GMG said: “This is great news for our radio division and also for GMG. With new and improved audience figures it is a great start to the new year.”
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